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BINARY OPTIONS INSIGHTS FOR SEPTEMBER 4TH 2015

BITCOIN 927.191 00:00 22.01
BITCOIN 925.542 23:00 21.01
BITCOIN 928.606 21:40 21.01
BITCOIN 927.834 21:20 21.01
BITCOIN 929.132 21:00 21.01
BITCOIN 926.861 20:40 21.01
BITCOIN 926.252 20:20 21.01
BITCOIN 925.464 20:00 21.01
BITCOIN 925.128 19:40 21.01
BITCOIN 925.724 19:20 21.01
BITCOIN 928.129 19:00 21.01
BITCOIN 927.638 18:40 21.01
BITCOIN 926.386 18:20 21.01
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By: Adam Stone
September 4th, 2015 5:20am GMT, London UK

Market Recap & Outlook:

Obviously, the biggest news of the day will be the NFP out later today. It’s going to rock the markets for sure as there is a manic swirl of buzz surrounding interest rate decisions worldwide which may derive from this result.

Australian retail sales surprised the markets with an unexpected contraction of 0.1% for July month-over-month. Adding to the negative tone from this report was the downward revision to June which now shows an increase of only 0.6%. Economists expected an increase of 0.4%. The Australian trade balance for July showed a deficit of A$2,460 million which was less than the A$3,160 million anticipated by economists. June’s trade deficit was revised higher in order to reflect a deficit of A$3,050 million.

Retail sales in the Eurozone posted an increase of 0.4% in July month-over-month and 2.7% year-over-year. Economists expected an increase of 0.5% and 2.0% respectively. This followed the downward revised contraction of 0.2% month-over-month reported in June and the upward revised increase of 1.7% year-over-year. Retail sales remained robust despite economic uncertainty which is a positive sign for the Euro and the best trading broker suggests a volatile Friday for the Eurozone currency.

The Swiss Franc could receive a fundamental catalyst during today’s trading session which is likely to result in a volatility spike on the back of higher volume. The consumer price index (CPI) for August is expected to show a contraction of 0.2% month-over-month and 1.4% year-over-year. This would represent an improvement over July’s contraction of 0.6% month-over-month, but an increase over the 1.3% contraction year-over-year.

Today’s Binary Option Trading Recommendations Overview:
• AUD/USD – Binary Call Option
• EUR/JPY – Binary Call Option
• EUR/CHF – Binary Put Option
• Platinum – Binary Put Option
• NASDAQ 100 – Binary Put Option

Currency Pairs on today’s Radar Screen:
AUD/USD – The AUD/USD was able stabilize inside of its horizontal support level which resulted in change of momentum to positive. The 50 Day Moving Average (DMA) is flattening out and continuous to trade below the 200 DMA which is descending. The Accelerator Oscillator (AC) supports an accelerated uptrend while the Relative Strength Index (RSI) is trading in oversold conditions after drifting higher from extreme oversold territory.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level. The AUD/USD is expected to break out above its descending 200 DMA from where more upside is favored. Binary option traders are advised to seek binary call options in the AUD/USD currency pair on dips below 0.7000 on the H1 Hourly Chart. The upside potential for this binary call option is 250 pips to 0.7250 while the downside potential is 100 pips to 0.6900. This results in a risk/reward ratio of 2.50.

AUDUSD

EUR/JPY – The EUR/JPY dropped into its newly formed horizontal support level from where further downward momentum is fading. The descending 50 DMA remains below the 200 DMA which is moving to the downside as well. The AC confirmed the drop, but has started to recover from its lows. The RSI is trading in extreme oversold conditions which is unsustainable and a breakout into oversold territory is likely to precede an advance in this currency pair.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level. The EUR/JPY is anticipated to accelerate to the upside from current levels until it will reach its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/JPY currency pair on dips below 133.300 on the H1 Hourly Chart. The upside potential for this binary call option is 520 pips to 138.500 while the downside potential is 130 pips to 132.000. This results in a risk/reward ratio of 4.00.

EURJPY

EUR/CHF – The EUR/CHF is faced with an increase in downward pressure following the breakdown below its horizontal resistance level. The 50 DMA started to reverse from its peak, but maintains its position above the 200 DMA which is trending sideways. The AC points towards a continuation of the move to the downside in this currency pair. The RSI is trading in oversold territory as a result of its breakdown from extreme overbought conditions and likely to continue its drift lower.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level with an increase in downward pressure. The EUR/CHF is expected to descend back into its horizontal support level. Binary option traders are advised to seek binary put options in the EUR/CHF currency pair on rallies above 1.0800 on the H1 Hourly Chart. The downside potential for this binary put option is 85 pips to 1.0715 while the upside potential is 45 pips to 1.0845. This results in a risk/reward ratio of 1.89.

EURCHF

Today’s Commodity Trade
Platinum – Platinum is losing upward momentum as it has approached its horizontal resistance level which prevented a breakout during a previous attempt. The 50 DMA is drifting sideways and remains in close proximity to the descending 200 DMA. The AC favors a reversal in price action as the RSI is trading in neutral conditions after drifting lower from overbought territory; this has increased downward pressure in this commodity.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. Platinum is anticipated to breakdown below its 200 DMA which will clear the path lower into its horizontal support level. Binary option traders are advised to seek binary put options in Platinum on rallies above 1,005.0 on the H1 Hourly Chart. The downside potential for this binary put option is 3,500 pips to 970.0 while the upside potential is 1,950 pips to 1,024.5. This results in a risk/reward ratio of 1.80.

Platinum

Today’s Equity Index Recommendation
NASDAQ 100 – The NASDAQ 100 has recovered from its previous drift to the downside and is now trading near an enforced resistance level. The 50 DMA was able to cross above the 200 DMA and both moving averages are drifting higher. The AC points towards a loss in positive momentum and the RSI is trading in neutral territory following its advance from extreme oversold conditions. Options trading for income has been on the rise over the course of this year and the trend is likely to continue.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its enforced resistance level. The NASDAQ 100 is expected to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the NASDAQ 100 equity index on rallies above 4,200.00 on the H1 Hourly Chart. The downside potential for this binary put option is 23,500 pips to 3,965.00 while the upside potential is 8,000 pips to 4,280.00. This results in a risk/reward ratio of 2.94.

NASDAQ 100

Key Fundamental Data:
Japan – Labor cash earnings for July rose by 0.6% year-over-year. This marked a reversal from the contraction of 2.5% which was reported in June while economists were looking for an increase of 2.0%.
Eurozone – Economists expect factory orders out of Germany to post a contraction 0.6% in July month-over-month, but an increase of 0.4% year-over-year. This would follow the increase of 2.0% and 7.2% reported in June respectively.
Eurozone – French consumer confidence for the month of August is anticipated to increase to 94 from July’s level of 93.
Switzerland – Expectations for the August consumer price index (CPI) call for a contraction of 0.2% month-over-month and 1.4% year-over-year. This would follow July’s contraction of 0.6% and 1.3% respectively.
Eurozone – Economists expect the Eurozone gross domestic product (GDP) growth estimate for the second-quarter to show an increase of 0.3% quarter-over-quarter and 1.2% year-over-year. This would represent a minor slowdown as compared to the previous report’s 0.4% growth rate, but an improvement over the 1.0% expansion respectively.
United States – Today’s non-farm payroll (NFP) report for the month of August is anticipated to show the addition of 217,000 jobs while the unemployment rate is called down to 5.2%. This would follow July’s job additions of 215,000 and an unemployment rate of 5.3%. The two-month net revisions for June and July need to be added to today’s headline figure.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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